February 07, 2012, 09:25:48 PM

Author Topic: $100m in lost sports taxes  (Read 220 times)

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$100m in lost sports taxes
« on: July 18, 2010, 06:32:42 PM »

Bolt among few big-earning stars who pay up

MANY of Jamaica's sports stars do not pay taxes on income earned locally, cheating the treasury of an estimated $100 million a year, finance ministry officials said.

But tax officials were happy to point out that Jamaica and world superstar speedster, Usain Bolt was not among the recalcitrant ones.

The payment or non-payment of taxes was brought into sharp focus last week after Bolt, the world's fastest man, said he would not participate in the Aviva London Grand Prix meet next month, if a controversial United Kingdom tax rule remained.

read more: http://www.jamaicaobserver.com/news/100m-in-lost-sports-taxes_7806077
« Last Edit: July 18, 2010, 06:47:10 PM by Admin »

 


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